Many of us switch to winter tires for improved handling in the snow and ice, but over time they wear down and the rubber becomes stiffer so they lose their advantage over regular tires. Following our article last month on the costs and benefits of winter tires (https://sukhuinsurance.ca/resource-centre/winter-tires-and-your-auto-insurance/), this month we’ll discuss some indicators on whether our winter tires are…
As we head into winter in Ontario, people are making the switch over to their winter tires for improved handling in the snow and ice. However not everyone uses them, as some people make due with all-season or all-weather tires. Following our recent article on how claims and tickets affect your insurance rates (https://sukhuinsurance.ca/resource-centre/how-claims-and-tickets-affect-your-auto-insurance), today we explore one of the…
Depreciation is an accounting concept, and represents the reduction in value over an object’s lifespan. In other words, the older it is the less it’s worth, and depreciation is the name of the loss in value. For new cars, you have probably heard the old saying that they are worth a lot less as soon as you drive it off…
Every insurer has its own nuances to how it treats various factors when determining what rate to charge you, meaning one factor may be very important to one carrier and less important to another carrier. However two factors that are always important for every carrier are your at-fault claims and your convicted tickets. Why these factors are important Insurance Policies…
When you’re looking for insurance you may hear the terms Broker and Agent, and think they do the same thing. In a general sense, they can both help you find coverage for the person or object you want to protect, and both act as intermediaries between you and the insurance companies providing the policies. However there are some important distinctions…
Everyone goes to their own insurer In Ontario, we make claims on our own insurance policies when a loss happens, and not on other drivers’ policies. The insurance regulating bodies decided on this system in order to reduce the time it takes for claimants to have access to the money needed for repairs and medical aid, and also to reduce…
This is an unprecedented situation, and our priority is supporting our community so we are committed to maintaining our consistent service levels so you can focus on your family and well-being. Canada’s Insurance industry has responded to the pandemic to reduce the impact in our communities and on our burdened healthcare system. The goals have been to flatten the curve…
Insurance rates in Ontario have been on the rise, so there’s no better time to review your policy with your local broker to make sure you have the right amount of coverage at competitive rates. We are part of the ProLink Broker Network with over 12 years experience and access to the largest network of insurers in Canada, so we…